You want to use images between text in your CKEditor, but you want to use image styles too... It is possible.
After activating your module do the settings... In wich textformat you want to use it?
First you make an image field with the only purpose the use it as an insert field for the text field. As Widget you choose image insert.
Choose what you want.
Now yuo can upload images and insert them into your text field, where the cursor has been placed. Notice that one can use image styles and rotate the image.
You can do it also with an image field.
A possible result..
Don't forget to disable the display of the fields. They have done their work...